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Technology Stocks : Dell Technologies Inc.

DELL 120.60

+1.8%

Jan 9 3:59 PM EST

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To: freeus who wrote (34214)	3/12/1998 11:42:00 PM
From: Boplicity	Read Replies (3) of 176387

freeus, usinessWire, Thursday, March 12, 1998 at 18:17 computer systems company, today announced it has filed a shelf registration statement with the U.S. Securities and Exchange Commission related to $500 million of debt securities. After the registration statement becomes effective, the company may offer periodically one or more series of debt securities in amounts and on terms to be determined at the time of any such offering. Proceeds will be used for general corporate purposes, including capital expenditures. Dell Chief Financial Officer Tom Meredith said that current market conditions for issuing long-term debt are extremely favorable, and that the registration provides the company with the flexibility to take advantage of those conditions while diversifying its sources of liquidity. "We've reached a maturity and size where a modest amount of debt makes sense," said Meredith. "While we have a solid level of cash, we plan to make significant long-term investments in our infrastructure this year, with capital expenditures in excess of $300 million. Those expenditures will allow us to expand our manufacturing capacity in every major region of the world."

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